On Friday (April 2), the Bitcoin price managed to get above the $60,100 level for the first time since March 15.
Data from TradingView says that at 02:30 UTC on April 2, on crypto exchange Bitstamp, the Bitcoin price hit $60,103 for the first time since March 15.
According to data by CryptoCompare, currently (as of 10:57 UTC on April 2) Bitcoin is trading around $59,639, up 1.74% in the past 24-hour period; as for the year-to-date (YTD) period, $BTC is up 105.85% vs USD.
Recently, billionaire investor and entrepreneur Mark Cuban explained during an interview on the “Delphi Podcast” why he owns both Bitcoin:
“You could… with Bitcoin… do transfers and that was great… and it was a store of value and that was awesome. It’s a better alternative to gold, which is phenomenal… It’s taking money away from gold, and it’s going to continue, and that’s why own Bitcoin and why I never sold it...”
Yesterday (April 1), MarketWatch reported that BTIG analyst Mark Palmer had initiated coverage of Microstrategy Inc. with a buy rating and a $850 price target. Palmer’s valuation assumes that Bitcoin price’s will reach $95,000 the end of 2022.
Featured Image by “SnapLaunch” via Pixabay.com
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